Bill C-509
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2nd Session, 36th Parliament, 48-49 Elizabeth II, 1999-2000
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The House of Commons of Canada
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BILL C-509 |
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An Act to Amend the Competition Act
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1. Section 96 of the Competition Act is
amended by adding the following after
subsection (3):
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| Interpreta- tion
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(4) For the purpose of subsection (1), gains
in efficiency cannot offset the effects of a
lessening or prevention of competition unless
the majority of the benefits derived or to be
derived from such gains in efficiency are
being or are likely to be passed on to
customers within a reasonable time in the
form of lower prices.
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| Non-applicati
on of section
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(5) This section does not apply where, after
the transaction has been completed, the
merger or proposed merger, will result or is
likely to result in the creation or strengthening
of a dominant market position.
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